Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

v3.3.1.900
Deferred Revenue
 9 Months Ended
Dec. 31, 2015
Deferred Revenue  
Deferred Revenue

 

13.  Deferred Revenue

 

Changes in deferred revenue during the nine months ended December 31, 2015 are as follows (in thousands):

 

FPP Balance, beginning of the period

 

$
2,491

 

FPP Billings

 
8,507

 

FPP Revenue recognized

 
(8,262

)

 

 

 

 

Balance attributed to FPP contracts

 
2,736

 

Deposits

 
1,222

 

 

 

 

 

Deferred revenue balance, end of the period

 

$
3,958

 

 

 

 

 

 

 

Comprehensive Factory Protection Plan (“FPP”) deferred revenue represents the unearned portion of our billed agreements. FPP agreements are generally paid quarterly in advance with revenue recognized on a straight line basis over the contract period. Deposits are primarily non-refundable cash payments from distributors for future orders.